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One company, two enforcement actions…

Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Alfa Laval Middle East Ltd. and Alfa Laval Inc. Release date 07/19/2021 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $415,695 settlement with Alfa Laval Middle East Ltd. […]

Office of Defense Trade Controls Compliance settles for $13 million from Honeywell for Arms Export Violations

U.S. Department of State Concludes $13 Million Settlement of Alleged Export Violations by Honeywell International, Inc. MEDIA NOTE OFFICE OF THE SPOKESPERSON MAY 3, 2021Share The U.S. Department of State has concluded an administrative settlement with Honeywell International, Inc. (Honeywell) of Charlotte, North Carolina, to resolve alleged violations of the […]

Is OFAC’s budget a bit tight?

The settlement with MoneyGram isn’t an even dollar amount – $34,328.78. I’ve been reporting on enforcement actions for years and years now (going back to at least 2014), and I can’t recall any other action – especially with a corporate entity – where OFAC didn’t round the figure off.

OFAC picks up some pocket change from 2 big names…

Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and MoneyGram Payment Systems, Inc., and SAP SE Release date 04/29/2021 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with MoneyGram Payment Systems, Inc. (“MoneyGram”), a global payments […]